The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Pressure Technologies PLC - Sheffield, England-based engineering firm - Raises gross proceeds of £2.3 million in a placing of 7.1 million shares and subscription for 502,292 shares at an issue price of 30 pence per share. The shares will represent approximately 20% of the enlarged share capital. ‘We are grateful for the support of our shareholders, demonstrated through this fundraising. This investment provides us with the short-term working capital bridge to profitable, cash-generative trading in the year ahead,’ Chief Executive Officer Chris Walters comments.
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International Personal Finance PLC - Leeds, England-based company which offers small, unsecured cash loans - Launches an offer of senior unsecured 12% sterling-denominated notes due 2027. Says they were issued for general corporate purposes. The new notes are available to retail investors in the UK, it adds. The new notes have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter. Seperately, unveils exchange offer for 7.75% unsecured sterling denominated 12% notes that are due December 12, 2027. Says that the purpose is to extend the maturity profile of part of the Issuer’s debt financing. Expects the notes to be listed on the Financial Conduct Authority’s Official List and admitted to trading on the electronic order book for retail bonds of the London Stock Exchange’s Main Market.
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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Says Non-Executive Deputy Chair Kevin McAuliffe has decided to not stand for re-election. ‘On behalf of the board, I wish to express my gratitude to Kevin for his dedication and service and invaluable contribution to the group over so many years, he has been an integral and valued Board member in helping the Group grow and succeed,’ Non-Executive Chair Eli Papouchado comments.
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Craven House Capital PLC - London-based investment firm - Says its investee company Garimon Ltd did not participate in the fundraising for Stormfjord Ltd. Says its stake in Stormfjord is 26%. Says Garimon transferred out of the www.onebas.com domain in order to facilitate further fundraising activity focused on the domain.
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Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Says Marine Edge ordered its CAP-XX’s large, powerful, liquid-cooled supercapacitor modules for its PowerEdge system installations for cargo ships. Does not disclose financial details of the order.
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Tanfield Group PLC - investment firm headquartered in Newcastle upon Tyne - Says Snorkel International Holdings LLC’s sales increased ‘slightly’ to $42.4 million, versus $42.2m a year before, in the third quarter of 2022. Sales for the first 9 months of 2022 stand at $131.0 million, versus $113.9 million a year before. Loss before interest, tax, depreciation, and amortisation amounts to $3.1 million, compared to a loss of $2.8m for the third quarter a year prior.
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Zephyr Energy PLC - Oil & gas exploration and development in US Rocky Mountains - Records revenue of $9.6 million net in its third quarter, giving total revenue for the nine-months to September 30 of $35.5 million. Operating income totals $7.9 million, taking the income for the first nine months of 2022 to $29.8 million. Lifts its full-year revenue forecast to $40 million from $45 million from $35 million to $40 million. Backs its full-year production forecast of 500,000 to 550,000 barrels of oil equivalent.
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